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Chapter 55 The Second Rich Perelman

Cang Yaozu has used his ultimate move to guaranteed share repurchase. There is no way, save some cash, so ARM acquisition will start after Christmas. Dr. Aly Harari has contacted the founder of ARM and conducted preliminary communication. Although it is not enthusiastic, it has not refused. For the acquisition of ARM, Cang Yaozu asked Melissa and Ge Liqin to help Thomas Tour continue to raise funds. After all, Penguin Capital Offshore Fund, which he serves as the fund manager, is still hungry.

A few days later, it was December 22. Gong Huang's team and CQ Fashion's chief photographer Chen Kuan had boarded the plane to Los Angeles, but Cang Yaozu had already arrived in New York. Cang Yaozu really couldn't go back in a short period of time. It seemed that Ge Liqin had to contact a few great people to hold on, and Chen Kuan and the fashion photographers here also learned more.

Avi Arad and Isaac Perlmat burst out with great enthusiasm. In order to add 1% of the shares of IQ Company and for each person's 500 million US dollars in remuneration, they negotiated 28% of Marvel shares for Cang Yaozu in two days. In order to impress several tough shareholders, they gave 0.5% of the shares of IQ, and Cang Yaozu also needed to provide a guaranteed repurchase. Cang Yaozu doesn't care about this. Paying Cang Yaozu's cash saved Cang Yaozu. Anyway, there are still many shares in ICQ, and he still has the opportunity to reclaim some shares when the Internet bubble breaks out.

After many days of hard work, Cang Yaozu has obtained 54% of the shares of toy company ToyBiz, 48% of Marvel shares and Marvel bonds with a total face value of more than 300 million yuan, which cost him 3.6% of the shares of IQ. He originally only had to give Avi Arad and Isak Perlmatt 3.4% of the shares, but in the end he gave 0.2% more. The cash cost $260 million.

Today, Avi Arad helped him meet Perelman. This man with a bald head like Guo Da is not only a top student in the financial industry, but also a graduate of the famous Wharton School. Perelman started mergers since college. Faced with him, Cang Yaozu didn't rely much, he didn't have much money, and his experience was not as good as others.

Perelman is very good at using financing methods such as junk bonds to leverage acquisitions, resells, holdings, and swallows, and fully utilizes its merger genius. Usually, Perelman will choose to buy an "ugly duckling" company that other investors look down on. Then he will abandon some junk business in stages, leave the company's shell, and then use the tax discounts of the loss-making company to buy some better assets, repair it and sell it to other industry giants.

Cang Yaozu felt that Perelman was not like a malicious acquisition expert, but was like a woodpecker, who made a living by saving low-performance companies. Of course, Perelman was not so noble. In this process, his goal was to make money. In addition, integrating personal preferences with acquisition and business behavior was Perelman's unique style. For example, smoking was a big hobby. In 1984, he invested $124 million to buy Citigroup Tobacco United. Overnight, the crown of the "Tobacco King" was worn on his head.

"I heard you got those two kids out? And asked them to help you collect a lot of Marvel shares?"

Perelman, like Avi Arad and Isak Perlmat, are both Jewish people and have a good relationship in private. It is no wonder that his business record is so outstanding. A man who can become the richest man in Citiland by merger is terrible. Yes, Perelman was the richest man in Citiland in 1991.

"Mr. Perelman, I gave them some benefits so they were so active."

"Oh, what benefits can make them work hard for you so hard?"

"I gave them a little bit of shares in IQ Company and gave them a guaranteed buyback clause."

"You acquired the IQ company from Israel, too. I also heard that you acquired the company of Ailly Harari? Which industry do you want to start? And why are you always staring at the acquisition of our Jewish companies?"

"It's mainly because of chance, of course, because Jews are excellent, especially in the business field. As for which industry I want to work in, I basically do the IT industry, semiconductors and the Internet are all in this category."

"Then are you trying to use comics to publish online?"

"Well, the main reason is that I like superheroes very much, especially the rich second generation of Iron Man, and the dead-smacking Deadpool. I'm going to spend money to make movies for them."

"You can't take pictures, even if you acquire Marvel, you can't take pictures. Deadpool's copyright is not in our hands."

"Yes, this is where I am depressed. It's a good Marvel, the copyright is scattered and broken, so sad. Of course I'm not talking about you. Comics are not an industry you value. Recently, you seem to be busy with the listing of Revlon."

"Well, the listing is completed. I'm just about to get Marvel, so you'll make my backyard fire. Tell me what conditions are given to me and see if I'm willing to give Marvel to you."

"Okay, Mr. Perelman, I won't play with you anymore. US$50 million plus 2% IQ equity, and a four-year guaranteed repurchase clause of US$2 billion. I want Marvel shares and the 46% shares of Marvel bonds and toy company ToyBiz in your hands."

"Your conditions are better than those two guys. You are bullying me, the old man. Do you know how much money Marvel has earned me in the past few years?"

"Haha, Mr. Perelman, if you change to any company, you can make so much money in the past few years. Your value is not in any company, but in yourself. Now Marvel is insolvent, and I have acquired 54% of ToyBiz's shares. Your restructuring plan is definitely not possible. Even if you change another company, you will not be able to delay the time cost. Marvel's copyright is valuable, but it is difficult to play out within 10 years. Unless you are willing to invest 200 million US dollars in a high investment, can you accept it by spending money on filming movies like this?"

"A movie cost 200 million US dollars? Unless I'm crazy, but I can't escape in shame. I will never let that guy Carl Icahn succeed."

"Why are you running away in shame? 2.05 billion US dollars. It will definitely be in your hands in just 3 to 4 years. It is definitely much more than you have earned in recent years. You helped me win Marvel and fulfill my childhood dream. We still have a lot of cooperation in the future. I heard that you are interested in the Golden State Bank Group recently? We can cooperate. I really want to own a bank in California. My base in Citigroup is in California. In addition, I also want to buy an NBA team. We can also cooperate, or buy one by one, and we will go to the NBA."

"Okay, young man, I didn't expect you to be well-informed. What are you doing for acquiring a bank? Golden State Bank is just a state bank."

"Mr. Perelman, it doesn't matter if the state bank is, the supervision will be a little looser. In the future, the Internet will be the world. I will carry out online banking business based on Jinzhou Bank. How suitable is our cooperation? If you make money, I want the bank and each one gets what you need."

"Okay, you convinced me that we can cooperate with Jinzhou Bank. Marvel, add some more. In addition, you are familiar with the Internet, and you recommend a stock to me, which one can make money and make high returns."
Chapter completed!
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